OTTAWA, Jan. 23 /CNW Telbec/ - Tarquin Group Inc. ("Tarquin")
(TSX VENTURE: TQN) announced today that it has received $200,000 in secured
debt financing from Quorum Investment Pool Limited Partnership ("Quorum"), one
of its existing investors. The proceeds of this debt financing will be used to
finance the working capital requirements of Tarquin and its subsidiaries.
"Quorum's continuing support of Tarquin during a period of severe
conditions in the capital markets reinforces their value as our key investor,"
said Don Gibbs, CEO of Tarquin.
The debt bears interest at the rate of 8.5% per annum, is repayable in
full three days after demand by Quorum and is secured by existing security
agreements previously delivered by Tarquin and its subsidiaries in favour of
About Tarquin Group
The goal of Tarquin Group Inc. (TSX VENTURE: TQN) is to become a
diversified industrial technology company providing solutions to the global
manufacturing market. Acting strategically in desirable niche markets
worldwide, it is expected that Tarquin's structure and processes will ensure
superior product solutions for customers while driving profitable growth for
all its stakeholders. Tarquin's target companies are niche market leaders in
the fields of laser applications and test, measure and control solutions for
manufacturing. For more information visit: www.tarquingroup.com.
The TSX-Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Investor relations: Donald Gibbs, CEO, Tarquin
Group Inc., (613) 271-3765